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    Home > Finance > Germany should stay on green energy path despite Trump, minister says
    Finance

    Germany should stay on green energy path despite Trump, minister says

    Published by Global Banking & Finance Review®

    Posted on January 21, 2025

    2 min read

    Last updated: January 27, 2026

    Robert Habeck, Germany's Vice Chancellor, emphasizes the importance of continuing green energy initiatives despite challenges posed by the Trump administration's withdrawal from the Paris climate accord. This image reflects Germany's commitment to renewable energy and climate action.
    German Vice Chancellor Robert Habeck advocating for green energy at a conference - Global Banking & Finance Review
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    Tags:sustainabilityClimate Changerenewable energyfinancial management

    Quick Summary

    Germany stays committed to green energy, aiming for 80% by 2030, despite Trump's climate policy changes. Habeck highlights self-reliance and legislative needs.

    Germany Must Continue Green Energy Initiatives Despite Trump's Actions

    By Vera Eckert

    BERLIN (Reuters) - Sticking with growth plans for green energy is the best response to Donald Trump after the U.S. president's "fatal" move to withdraw from the Paris climate accord, German vice chancellor Robert Habeck said on Tuesday.

    "We have to bring our own technologies to the fore," said Habeck, the architect of plans to make 80% of electricity green in Germany by 2030, speaking at the Handelsblatt annual energy conference in Berlin.

    The move by Trump, a climate change sceptic, to withdraw from the Paris climate treaty was widely expected and further threatens the agreement's central goal to limit a rise in global temperatures to 1.5 degrees Celsius above pre-industrial levels.

    Germany, Europe's biggest economy, holds a national election on Feb. 23, where Habeck's Greens are trailing in opinion polls as a cost-of-living crisis and an economic downturn has shifted some voters' focus away from climate protection.

    Economy minister Habeck said self-reliance through domestic green energy remained the best response to dependency on energy imports and high costs, especially as Russian gas supplies to Europe dwindle following the invasion of Ukraine in 2022.

    Habeck urged parliament to pass a draft bill giving more digital control of expanding renewable capacity to help rein in rising costs and bring down consumer bills.

    Another unfinished plan, a capacity market for power, was also a priority, he said. Otherwise, coal-burning power plants, that offer stable supply, would have to operate beyond the targeted 2030 cut-off date.

    (Reporting by Vera Eckert, Editing by Matthias Williams and Mark Potter)

    Key Takeaways

    • •Germany aims for 80% green electricity by 2030.
    • •Trump's withdrawal from the Paris accord impacts global climate goals.
    • •Habeck emphasizes self-reliance through domestic energy.
    • •Germany faces election with shifting voter priorities.
    • •Legislation is needed for renewable energy expansion.

    Frequently Asked Questions about Germany should stay on green energy path despite Trump, minister says

    1What is Germany's goal for green energy by 2030?

    Germany aims to make 80% of its electricity green by 2030, as stated by Economy Minister Habeck.

    2What was Trump's action regarding the Paris climate accord?

    Trump's decision to withdraw from the Paris climate accord is seen as a 'fatal' move that threatens global climate goals.

    3How does Germany plan to address energy dependency?

    Habeck emphasized that self-reliance through domestic green energy is the best response to reduce dependency on energy imports.

    4What legislative measures did Habeck propose?

    Habeck urged parliament to pass a draft bill for more digital control over expanding renewable capacity to help manage rising costs.

    5What challenges are the Greens facing in the upcoming election?

    The Greens are trailing in opinion polls due to a cost-of-living crisis and an economic downturn ahead of the national election on February 23.

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